|Bid||71.70 x 900|
|Ask||71.85 x 800|
|Day's Range||71.11 - 74.14|
|52 Week Range||51.60 - 122.94|
|Beta (5Y Monthly)||1.22|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 30, 2020 - Nov 03, 2020|
|Forward Dividend & Yield||5.16 (7.18%)|
|Ex-Dividend Date||Aug 18, 2020|
|1y Target Est||100.04|
Dragged down by declines for shares of Chevron and Travelers, the Dow Jones Industrial Average is falling Tuesday afternoon. Shares of Chevron (CVX) and Travelers (TRV) have contributed to the index's intraday decline, as the Dow (DJIA) was most recently trading 115 points, or 0.4%, lower. Chevron's shares are off $1.95, or 2.6%, while those of Travelers have fallen $2.62, or 2.4%, combining for a roughly 30-point drag on the Dow.
Key market indexes extended their losses midday Tuesday, as the Dow Jones Industrial Average hit resistance at its 50-day moving average.
On CNBC's "Fast Money Halftime Report," Pete Najarian shared his thoughts on Bank Of America's upgrade of Chevron Corporation (NYSE: CVX). The analyst said the risk-reward has become attractive and he upgraded the stock to Buy, but lowered its price target to $96 from $101.Pete Najarian owns the stock and he revealed that Chevron is a very difficult hold. He sees the light at the end of the tunnel, but he doesn't know how much time Chevron has before it gets into more pressure. One positive has been a move towards natural gas and a move to Permian, said Najarian. He also likes all the different aspects of the company's alternative energy plans.Joe Terranova believes Chevron's management has done an excellent job so far and the stock stands out to him as a name that he would own in the energy space. He added that it's an incredibly frustrating environment to be an investor in the energy sector.See more from Benzinga * Options Trades For This Crazy Market: Get Benzinga Options to Follow High-Conviction Trade Ideas * 'Halftime Report' Traders Share Their Thoughts On Chevron * 'Fast Money Halftime Report' Picks For September 17(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.